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Mercidita

Update on Mercidita

Mercidita is 39 years old and married with 6 children. She is from Tukuran, Zambaonga del Sur.



Mercidita used her last loan to purchase additional products to sell at her store. Her business has grown. Now, she is requesting a new loan to purchase more inventory to expand product offerings at her store. She is positive that this will help grow her business.

Previous Loan Details

Mercidita is 38 years old, married and has six dependents. She lives in Tukuran, Zamboanga del Sur in the Philippines.

Five years ago Mercidita opened her sari-sari store, earning a monthly income of 10,080 PHP. Her family's daily expenses are covered by her income.

In 2010 she becam... More from Mercidita's previous loan »

Additional Information

About GDMPC

Gata Daku Multi-Purpose Cooperative (GDMPC) was founded in 1992 by 32 farmer-members to empower people by providing livelihood opportunities and other support services. Today, it has over 15,000 members located in upland, lowland and coastal regions of the Philippines, and offers credit, savings, education, and various social services.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Philippines

  • $1175
    Average annual income
  • 296
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Mercidita to purchase new items to expand product offering.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
Apr 20, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012